Juniper Networks, Inc. (NYSE:JNPR) Stock Position Lessened by Covestor Ltd

Covestor Ltd decreased its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 60.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 816 shares of the network equipment provider’s stock after selling 1,264 shares during the quarter. Covestor Ltd’s holdings in Juniper Networks were worth $32,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of JNPR. Pacer Advisors Inc. grew its stake in shares of Juniper Networks by 14,314.7% in the second quarter. Pacer Advisors Inc. now owns 4,832,105 shares of the network equipment provider’s stock worth $176,179,000 after purchasing an additional 4,798,583 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Juniper Networks in the first quarter worth $86,494,000. Canada Pension Plan Investment Board grew its stake in shares of Juniper Networks by 859.1% in the first quarter. Canada Pension Plan Investment Board now owns 836,900 shares of the network equipment provider’s stock worth $31,016,000 after purchasing an additional 749,641 shares in the last quarter. Gabelli Funds LLC bought a new position in shares of Juniper Networks in the first quarter worth $23,379,000. Finally, Natixis grew its stake in shares of Juniper Networks by 1,524.4% in the first quarter. Natixis now owns 470,137 shares of the network equipment provider’s stock worth $17,423,000 after purchasing an additional 441,194 shares in the last quarter. Institutional investors own 91.95% of the company’s stock.

Analyst Upgrades and Downgrades

JNPR has been the subject of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Juniper Networks in a research note on Friday, July 26th. Barclays decreased their target price on Juniper Networks from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. StockNews.com initiated coverage on Juniper Networks in a research note on Monday, September 16th. They set a “hold” rating for the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Friday, November 1st. Finally, Citigroup reaffirmed a “neutral” rating and set a $40.00 target price on shares of Juniper Networks in a research note on Monday, September 23rd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Juniper Networks has an average rating of “Hold” and an average target price of $39.50.

Juniper Networks Stock Performance

Shares of NYSE JNPR opened at $36.50 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.30 and a current ratio of 1.72. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 48.03, a P/E/G ratio of 12.07 and a beta of 0.93. The business’s 50-day simple moving average is $38.83 and its 200-day simple moving average is $37.38. Juniper Networks, Inc. has a 52 week low of $25.83 and a 52 week high of $39.79.

Juniper Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 2nd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Monday, December 2nd. Juniper Networks’s dividend payout ratio (DPR) is currently 115.79%.

Juniper Networks Company Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.